Investor Presentaiton

2010 2011 2012 2013 30% The CAB was -10.7% in 1Q21, with goods trade adjustment and record high remittances mitigating evaporating service exports 30% 20% 20% 10% 10% 0% 0% -10% -9.8% -20% -12.2% -11.4% -5.6% -30% -10% -8.1% -6.8% -5.5% -10.2% -11.8% -12.5% -12.5% -11.2% -10.7% -20% -30% -40% -40% CURRENT ACCOUNT BALANCE ADJUSTING AFTER RECORD LOWS Current account balance (% of nominal GDP) Sources: NBG Exports and Re-exports, US$ billion Goods, net Current transfers, net FDI and capital goods import Source: GeoStat 8.1% 6.9% 7.5% 7.2% 6.2% 6.5% 5.7% 5.9% 2014 2015 2016 Services, net Current account 10.3% 2017 2018 2019 2020 1Q20 1Q21 Investment income, net FDI, inflows 11.7% 11.1% 10.3% 8.7% 8.5% 7.9% 7.6% 7.8% 7.2% 7.2% 7.1% Source: NBG Service exports ■Goods exports, geo-originated Re-exports 1.0 0.8 0.5 1.1 0.9 0.4 0.3 0.9 3.6 3.9 1.0 0.7 3.1 0.5 0.3 3.1 3.1 2.6 2.5 0.2 0.2 2.5 0.2 2.5 0.1 0.1 0.0 0.0 0.0 0.0 2.1 1.9 1.8 1.6 0.6 0.7 2000 2001 2002 2003 2004 | 1.3 1.4 4.5 4.6 4.0 1.0 2.6 3.0 3.0 3.1 3.3 0.5 0.6 0.7 0.9 1.1 1.3 1.6 1.3 2.0 3.3 0.2 0.2 0.8 1.6 0.9 0.7 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 1Q20 1Q21 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 1Q20 1Q21 IFDI, % of GDP Capital Goods Import, % of GDP 6.8% 7.2% 4.6% 3.9% 3.7% 140 8.1% GEORGIA CAPITAL

View entire presentation